Retail & Commercial

Last year marked another strong year for the auto loan market as originations increased compared to 2014, while the mix of loans across the entire credit spectrum held for the fourth year in a row, according to Equifax.

In a move that counters Sweden's reputation as a country that encourages its citizens to not use cash in the payments network, The National Bank of Sweden is asking regulators to make access to cash a legal right.

The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., and issued one against Hazard Bancorp in Kentucky.

In an interview with American Banker, KeyCorp Chief Executive Beth Mooney discusses why the bank struck a $16.5 billion agreement to expand low- and moderate-income lending, and details of the negotiations involved.

The Federal Reserve Board has terminated enforcement actions issued in 2010 against American Bank of Baxter Springs in Kansas and CB Financial in Wilson, N.C., and issued an enforcement action against Hazard Bancorp in Kentucky.

As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.

The Consumer Financial Protection Bureau claimed victory Friday in resolving a long-standing lawsuit against the bankrupt Nevada debt-relief company Morgan Drexen, which preemptively sued the agency in 2013.

Rep. Patrick McHenry, R-N.C., is readying a package of bills, one of which could provide financial tech firms with national standards, so that they wouldn't have to comply with the various state regulations.

Granite Bank in Colebrook, N.H., has named a Minnesota community banker as its new chief executive.

A California federal judge has ordered debt relief company Morgan Drexen Inc. to pay the Consumer Financial Protection Bureau more than $173 million to resolve an August 2013 lawsuit claiming the company collected illegal upfront fees for debt settlement service and ran deceptive advertisements.